Under section 208, it is obligatory for an assessee to pay advance tax where the tax payable is

CS Executive · Tax Laws and Practice · PYQS · June 2015
Under section 208, it is obligatory for an assessee to pay advance tax where the tax payable is
(A) ₹10,000 or more
(B) ₹20,000 or more
(C) ₹5,000 or more
(D) ₹8,000 or more.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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